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To: John Paquet who wrote (476)	6/14/2001 8:01:46 PM
From: goldsnow	Read Replies (1) of 507

so it looks but look at that Velvet agreed not to seek competing offers, and to pay C$15 million if it backs out of the transaction. Lehman Brothers acted as financial adviser to El Paso. Yorkton Securities Inc. and BMO Nesbitt Burns Inc. advised Velvet. quote.bloomberg.com C $15 mln is nothing so surely VLV "invites" hostile bidders I have doubled my very large position in VLV today...if I am wrong I get 11 c on a share as a consolation....and what even better just 1 month to wait... <<<El Paso, which had first-quarter revenue of $17.8 billion, expects the Velvet transaction to close late next month>>>

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